TimesTabloid 2025-06-19 07:16:42

Expert Says Cardano (ADA) Is Warming Up For A Major Rally. Here’s the Chart

Recent technical developments suggest that Cardano (ADA) could be positioning itself for a potential upward move, following a week of notable downside activity. After declining nearly 10% from its local high of $0.73 to a low of around $0.60 between June 10 and June 17, ADA appears to be establishing a foundation for a reversal. Technical Structure Indicates Bullish Shift An analysis by MyCryptoParadise on TradingView highlights several early signs of a trend reversal on the 4-hour chart. At the time of his analysis, ADA traded close to $0.6245, attempting to hold support in a key region. The analyst highlighted an internal change of character (I-CHoCH) after a liquidity sweep below $0.62, suggesting bearish momentum is waning, and indicating a potential shift toward a more constructive market setup. Other analysts have predicted a massive upswing for ADA , and the presence of a bullish divergence on the MACD further supports this interpretation. While ADA registered a lower low, the histogram and signal line within the MACD showed higher lows. This decoupling often precedes a change in trend direction. Adding to the bullish case, a previous resistance zone between $0.63 and $0.64 has turned to support. The chart shows a reaction near the $0.6421 level, where ADA bounced after dropping to $0.61 on June 14. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Price Action and Risk Zones While the current trading level shows signs of stability, the next steps remain critical. Recent predictions suggest a bullish turn before June 30 , and a sustained hold above $0.63 would reinforce the short-term bullish setup. A break above minor resistance near $0.67 would open the door for further gains, potentially targeting the $0.70 region. This move would represent over a 10% increase from current levels, assuming the upward momentum is maintained. Whales have shown notable interest in ADA in 2025, and reclaiming the $0.7 could increase their confidence. However, closing below $0.62 could invalidate the current outlook. Derivatives Trends Suggest Bullish Leaning ADA’s derivatives data signals cautious optimism. Trading volume surged 45% to $1.26 billion, while open interest declined 4.07% to $747.58 million. Long liquidations totaled $1.6 million versus $236,000 for shorts, and funding rates remained positive. The overall long/short ratio was 0.9391, but Binance and OKX showed a stronger long bias, both above 2.4. However, options activity plunged 92.94%, indicating reduced institutional positioning and lower volatility expectations. Despite this, the lack of a clear downtrend keeps short-term sentiment tilted slightly bullish, with some projections suggesting a rise to $1 . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Expert Says Cardano (ADA) Is Warming Up For A Major Rally. Here’s the Chart appeared first on Times Tabloid .

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